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September 04, 2017

4th September 2017 Important Daily Current Affairs

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Dear Great Ambitionists, here are today's (4th September 2017) Important Current Affairs updates. Happy Reading :)

Daily Current Affairs of 4th September 2017

National Current Affairs
  • The Maharashtra government has decided to declare lightning a disaster and increase the compensation from ₹1.5 lakh to ₹4 lakh for victims and their families.
    • This comes after the Centre recently directed the states to allocate 10% of their disaster relief funds towards state-specific disasters.
Banking, Business & Economic Affairs
  • China's central bank, the People's Bank of China, has banned individuals and organisations from raising funds through Initial Coin Offerings (ICO).
MOUs & Agreements
  • Five banks of the BRICS Interbank Cooperation Mechanism (ICM) have signed an agreement to establish local currency credit lines and develop cooperation on credit ratings in the run-up to the forthcoming BRICS summit in China.
    • This agreement will allow these 5 banks to establish framework mechanism to extend credit lines in local currencies to BRICS ICM members and BRICS companies against guarantees of signatory banks. 
    • The five banks are :
      • Brazilian Development Bank
      • Vnesheconombank (Russia)
      • Export-Import Bank of India (EXIM)
      • China Development Bank 
      • Development Bank of South Africa
Science & Technology
  • Iran has tested the Bavar 373 missile which is a part of its homegrown air defence system.
    • This is Iran's first long-range missile defence system and is designed to match the Russian S-300 missile system. 
General Knowledge
  • Female Defence Ministers across the world :
    • Nirmala Sitharaman - India
    • Ursula von der Leyen - Germany 
    • Marise Payne - Australia
    • Florence Parly - France
Awards & Honors
  • State Bank of India won the ‘Best Bank Award for Use of Technology for Financial Inclusion Among Large Banks’ and ‘Best Bank Award for Electronic Payment Systems among Large Banks’ in the 13 Edition of the IDRBT Banking Technology Excellence Awards held on 1st  September, 2017 in IDRBT, Hyderabad.
  • Complete Winners of 13th IDRBT Banking Technology Excellence Awards 2016-17 
    • Best Bank Award for Use of Technology for Financial Inclusion Among Large Banks
      • State Bank of India
    • Best Bank Award for Use of Technology for Financial Inclusion Among Mid-Size Banks
      • Vijaya Bank
    • Best Bank Award for Use of Technology for Financial Inclusion Among Small Banks
      • Karnataka Bank Ltd.
    • Best Bank Award for Digital Banking among Large Banks
      • Axis Bank Ltd.
    • Best Bank Award for Digital Banking among Mid-Sized Banks
      • Vijaya Bank
    • Best Bank Award for Digital Banking among Small Banks
      • South Indian Bank Ltd.
    • Best Bank Award for Electronic Payment Systems among Large Banks
      • State Bank of India
    • Best Bank Award for Electronic Payment Systems among Mid-Sized Banks
      • Andhra Bank
    • Best Bank Award for Electronic Payment Systems among Small Banks
      • The Federal Bank Ltd.
    • Best Bank Award for Analytics and Big Data among Large Banks
      • ICICI Bank Ltd.
    • Best Bank Award for Use of Technology for Fraud Prevention among Large Banks
      • HDFC Bank Ltd.
    • Best Bank Award for High Performance IT Ecosystem among Large Banks
      • Bank of India
    • Best Bank Award for High Performance IT Ecosystem among Mid-Sized Banks
      • IndusInd Bank Ltd.
    • Best Bank Award for High Performance IT Ecosystem among Small Banks
      • South Indian Bank Ltd.
    • Best Bank Award for Cyber Security and Defense among Large Banks
      • HDFC Bank Ltd.
    • Best Bank Award for Cyber Security and Defense among Mid-Sized Banks
      • IndusInd Bank Ltd.
    • Best Bank Award for Cyber Security and Defense among Small Banks
      • City Union Bank
    • Best Bank Award for Innovative Use of Technology among Large Banks
      • HDFC Bank Ltd.
    • Best Bank Award for Innovative Use of Technology among Mid-Sized Banks
      • YES Bank Ltd.
    • Best Bank Award for Innovative Use of Technology among Small Banks
      • The Karur Vysya Bank Ltd.
    • Best Emerging Bank Award
      • Union Bank of India
    • Best IT-Enabled Co-operative Bank
      • The Cosmos Cooperative Bank Ltd.
    • Best IT-Enabled Regional Rural Bank
      • Andhra Pragathi Grameena Bank
Sports Current Affairs
  • Broadcasting firm Star India has acquired the Indian Premier League's (IPL) global media rights from 2018-2022 with a consolidated bid of ₹16,347.5 crore, at the BCCI-organised auction today .
  • Mercedes' British Formula One racer Lewis Hamilton won the Italian Grand Prix at Monza today.
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